Case number: 5:26-bk-50369 - 40th Street Development, LLC - California Northern Bankruptcy Court

Case Information
  • Case title

    40th Street Development, LLC

  • Court

    California Northern (canbke)

  • Chapter

    11

  • Judge

    Hannah L. Blumenstiel

  • Filed

    03/10/2026

  • Last Filing

    05/14/2026

  • Asset

    Yes

  • Vol

    v

Docket Header
PlnDue, DsclsDue, DebtEd



U.S. Bankruptcy Court
California Northern Bankruptcy Court (San Jose)
Bankruptcy Petition #: 26-50369

Assigned to: Judge Hannah L. Blumenstiel
Chapter 11
Voluntary
Asset


Date filed:  03/10/2026
341 meeting:  04/14/2026
Deadline for filing claims:  07/06/2026
Deadline for objecting to discharge:  06/08/2026

Debtor

40th Street Development, LLC

387-391 40th Street
Oakland, CA 94609
SANTA CLARA-CA
Tax ID / EIN: 83-0833102

represented by
Arasto Farsad

Farsad Law Office, P.C.
1625 The Alameda, Suite 525
San Jose, CA 95126
408-641-9966
Email: farsadecf@gmail.com

Responsible Ind

Steven Trinh

52599 McLaughlin Avenue
San Jose, Ca 95121

 
 
Trustee

Not Assigned - SJ


 
 
U.S. Trustee

Office of the U.S. Trustee / SJ

U.S. Federal Bldg.
280 S 1st St. #268
San Jose, CA 95113-3004
( )
represented by
Michael J. Fletcher

DOJ-Ust
2500 Tulare Street
Suite 1401
Fresno, CA 93721
559-487-5002
Email: michael.fletcher@usdoj.gov

Latest Dockets

Date Filed#Docket Text
05/14/202654Status Conference Statement (RE: related document(s)[7] Order and Notice of Status Conference Chp 11). Filed by Debtor 40th Street Development, LLC (Farsad, Arasto)
05/07/2026Hearing Continued per order on 5/7/2026. (RE: related document(s) 36 Motion for Relief from Stay Fee Amount $199,). Hearing scheduled for 06/11/2026 at 01:00 PM in/via Tele/Videoconference - www.canb.uscourts.gov/calendars. (euo)
05/07/2026Hearing Continued per order on 5/7/2026. (RE: related document(s) 43 Motion to Convert Case to Chapter 7 Richard A. Marshack, Chapter 7 Trustee for the Bankruptcy Estate of AB Capital, LLC's Motion to Convert Chapter 11 Case to Chapter 7 Pursuant to 11 U.S.C. § 1112(b), or, in the Alternative, to Appoint T). Hearing scheduled for 06/11/2026 at 10:00 AM in/via San Francisco Courtroom 19 or via Zoom - Blumenstiel. (euo)
05/07/202653Order Approving Stipulation To Continue Hearings And Related Deadlines Regarding: 1) Motion For Relief From Stay; And 2) Motion To Convert Case To Chapter 7 (RE: related document(s)[52] Stipulation to Continue Hearing filed by Debtor 40th Street Development, LLC). (euo)
05/06/202652Stipulation to Continue Hearing on Movant's Motion for Relief from Stay; Movant's Motion to Convert to Chapter 7 Filed by Debtor 40th Street Development, LLC (RE: related document(s)[36] Motion for Relief From Stay filed by Interested Party Richard A. Marshack, [43] Motion to Convert Case to Chapter 7 filed by Interested Party Richard A. Marshack, [48] Notice of Hearing filed by Interested Party Richard A. Marshack). (Weng, Nancy)
04/30/2026Hearing Dropped (RE: related document(s) 29 Motion for Determination of Applicability of Automatic Stay and, in the Alternative, for Relief from Stay). Off calendar per docket text order on 4/30/26. (bg)
04/30/2026Hearing Dropped (RE: related document(s) 31 Ex Parte Application to Employ Sarah Shapero as Special Litigation Counsel ). Off calendar per docket text order on 4/30/26. (bg)
04/30/2026DOCKET TEXT ORDER (no separate order issued:) This case is scheduled to come before the court on April 30, 2026 for hearings on Debtor 40th Street Development LLC's (1) Motion for Determination of Applicability of Automatic Stay and, in the Alternative, for Relief from Stay (Dkt. 29; the "Motion"); and (2) Ex Parte Application to Employ Sarah Shapero as Special Litigation Counsel (Dkt. 31; the "Application"). After business hours on April 29, 2026, Debtor withdrew the Motion and the Application (Dkt. 51). Accordingly, the court orders the April 30 hearings vacated. (RE: related document(s)[29] Motion Miscellaneous Relief filed by Debtor 40th Street Development, LLC, [31] Application to Employ filed by Debtor 40th Street Development, LLC, [33] Notice of Hearing filed by Debtor 40th Street Development, LLC, [35] Order on Application to Employ). (hdc)
04/29/202651Withdrawal of Documents Dkts 29, 31; Motion for Determination of Applicability of Automatic Stay and, in the Alternative, for Relief from Stay; Ex Parte Application to Employ Sarah Shapero as Special Litigation Counsel; Dkt (RE: related document(s)[29] Motion Miscellaneous Relief, [31] Application to Employ, [33] Notice of Hearing, Hearing Set). Filed by Debtor 40th Street Development, LLC (Weng, Nancy)
04/28/2026DOCKET TEXT ORDER (no separate order issued:) This case is scheduled to come before the court on May 14, 2026 for a hearing on a Motion to Convert to Chapter 7 or to Appoint a Chapter 11 Trustee filed by Mr. Richard Marshack (Dkt. 43; the "Motion"). The court has carefully reviewed the Motion, its supporting declarations (Dkts. 44-46), its supporting request for judicial notice (Dkt. 47), notice of hearing (Dkt. 48; the "NOH"), and certificate of service (Dkt. 50; the "C/S"). Based on that analysis, the court finds the NOH defective. According to the C/S, the NOH, Motion, and supporting pleadings were served on April 23, 2026 21 days before the May 14, 2026 hearing. According to B.L.R. 9014-1(c)(2), where 21 days' notice of a hearing is provided, any response to the motion must be filed 7 days prior to the hearing -- Not 14 days prior to the hearing, as stated in the NOH. Based on the defective NOH, the court orders as follows: (1) Any pleadings in response to the Motion shall be filed no later than May 7, 2026 Not April 30, 2026 as stated in the NOH. (2) Mr. Marshack may present any reply at the May 14 hearing. (3) The court strongly encourages Mr. Marshack and his counsel to review B.L.R. 9014-1. (RE: related document(s)[43] Motion to Convert Case to Chapter 7 filed by Interested Party Richard A. Marshack, [44] Declaration filed by Interested Party Richard A. Marshack, [45] Declaration filed by Interested Party Richard A. Marshack, [46] Declaration filed by Interested Party Richard A. Marshack, [47] Request To Take Judicial Notice filed by Interested Party Richard A. Marshack, [48] Notice of Hearing filed by Interested Party Richard A. Marshack, [50] Certificate of Service filed by Interested Party Richard A. Marshack). (hdc)